Tightening Up of Marine Security in the Americas Drives Marine Propulsion Engine Market in the Region

Published on : Jun 06, 2016

Albany, New York, May 31, 2016: Market Research Hub has announced the addition of a new research report to its online repository. The research report, titled “Marine Propulsion Engine Markets in Americas to 2020 - Market Size, Development, and Forecasts,” provides a thorough analysis of the trends and dynamics governing the marine propulsion engine market in the Americas. The research report offers an insight into the recent industry-related data, highlighting the present-day market situation. For a clearer understanding of the marine propulsion engine market in the Americas, the researchers have studied it through a political, social, technological, environmental, and legal perspective. The report aims to document every development in this market to present to its readers a holistic document.

Security agencies, intelligence agencies, and armed forces across the Americas are devising ways to fight terrorism and upgrade their equipment in the event of any kind of an attack. In order to do so, the countries in this region are strengthening their naval equipment, which in turn has been the biggest driving force for the marine propulsion engine market in the Americas. The only factor holding back this market is the stringent emission regulations pertinent to diesel engines. However, as manufacturers in this industry are looking at ways to develop engines that work on alternative fuel, they are expected to open up a plethora of opportunities for this market in the near future.

The study shows that liquefied natural gas (LNG) is the proposed alternative fuel to run the marine propulsion engines. Reports suggest that North America is leading the LNG medium to use these engines. The use of LNG is being given a serious thought due to plummeting shale gas and conventional energy reserves. Solar and wind energy are also being considered to run marine propulsion engines, however, LNG still remains in the forefront due to easy availability.

Geographically, the marine propulsion engine market in the Americas has been segmented into Ecuador, Argentina, United States, Canada, Peru, and Mexico. On the basis of product, this market is segmented into diesel propulsion, gas turbine propulsion, and others. Segmentation allows the readers of this research report to understand the specific market drivers and restraints. Furthermore, it also highlights the strengths, weaknesses, opportunities, and threats that each segment thrives and falls on.

The research report dedicates an entire chapter for explaining the competitive landscape of marine propulsion engine market in the Americas. It profiles the key operating players and provides a fair assessment of their management styles that are likely to define the growth of this market in the coming years. The report also explains the research and development strategies adopted by these companies, their business and marketing plans, expansion plans, and strategic mergers and acquisitions.